Corporates focus on gender diversity, to hire more women in 2023

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Corporate in India focusing on gender diversity, to hire more women in 2023
According to a survey conducted by Burungdy Private, a private banking business of Axis Bank and Hurun India. Tata Consultancy Services (TCS) has more female employees than any company in India.

Corporate India has been hiring women professionals focusing on gender diversity. It is expected that companies will hire more women in 2023.

According to a survey conducted by Burgundy Private, a private banking business of Axis Bank and Hurun India, Tata Consultancy Services (TCS) has more female employees than any company in India.

This is the second edition of the list, which ranks the 500 most valuable companies in India. These companies are ranked according to their value, defined as market capitalization for listed companies and valuations for non-listed companies.

The cut-off date to get on this list was 30th October 2022. TCS employs 35% i.e. 2,10,000 women employees out of 5,92,195 total headcount of Tata Consultancy Services Ltd in 2022. The peers IT services provider companies in India including Infosys Ltd., Wipro Ltd., and HCL Technologies Ltd., were next in line. Reliance Industries Ltd. rounded up the top five.

According to the ET report Leading corporate organizations such as Cognizant, Larsen & Toubro and HDFC Bank are intensifying their efforts to attract more women employees by taking initiatives like flexible work hours and mentoring programs.

The report said Schneider Electric is aiming to ensure 50 per cent of its new recruits are women. It also wants to have women as 40 per cent of frontline managers, and 30 per cent of senior leadership, according to Rachna Mukherjee, ex-CHRO India, and South Asia.

Diversity helps in getting the best ideas and driving innovation,” C Jayakumar, Head of Corporate Human Resources, L&T, told the publication.

“Many studies have shown how diverse teams tend to outperform others. As for gender diversity, from the talent market point of view, a progressive organization like ours can’t miss out on this large talent pool”, C Jayakumar added.

Anas Rahman Junaid MD and Chief Researcher, Hurun India said, “Women make up 16 per cent of the boards of the companies from the 2022 Burgundy Private Hurun India 500. As India’s economy grows and the India 500 becomes bigger, expect the percentage of women board directors to grow too.”

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